{Kantakji Group}. Add '10973' New Jadwa report: Global factors derail TASI momentum

FYI


 Nawaf Y. Husein

 Faculty Member
 Msc, CRP , CLBB
 Saudi Training Society Member

 Institute of Banking
 Saudi Arabian Monetary Agency ( SAMA)
  P.O.Box : 10820   Riyadh 11443 Saudi Arabia
 Tel : + 966 1 463 3000   Ext. 3825
  Fax: + 966 1 466 2368
  Mobile : + 966 55 48 44 828

  SKYPE : abuhejleh2      

Dear all,

 

The fall in the TASI over the past month or so has been primarily due to global factors. First quarter earnings were reasonable and domestic fundamentals are strong, so we retain our end year forecast of 8,050.

 

Regards,

 

 

Paul Gamble

Chief Economist and Head of Research

Jadwa Investment

.